# Global seaborne grain trade — Breakwave Advisors

> USDA's latest forecast puts 2021/22 global grain exports at 507.5 million tons, down 1.5 million from a month earlier but up 5% year on year. Coarse grain exports are seen at 253.2 million tons, wheat at 204.4 million tons and soymeal at 69.9 million tons.

- Date: 2022-01-20 · published 2022-01-20T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/43332-global-seaborne-grain-trade-breakwave-advisors
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Slightly lower export volumes are a modest tightening signal for feed grains and soymeal, though year-on-year growth remains strong. Robust seaborne trade supports ocean freight demand.

## Read by commodity

- SBM: neutral
- CORN: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-01-01 | [Brazil soy boom may crash global grain markets](https://feedsoft.ai/events/21533-brazil-soy-boom-may-crash-global-grain-markets.md) | +0.6% | -0.9% |
| CORN | 2019-11-12 | [Global markets seek direction after benign WASDE - Grain Central](https://feedsoft.ai/events/56020-global-markets-seek-direction-after-benign-wasde-grain-central.md) | -0.5% | -2.9% |
| CORN | 2024-10-14 | [USDA adjusts global grain production forecasts \| Feed & Grain](https://feedsoft.ai/events/27918-usda-adjusts-global-grain-production-forecasts-feed-and-grain.md) | -1.8% | +1.8% |
| CORN | 2020-11-27 | [Grain: global production estimates sharply revised - Mundus Agri](https://feedsoft.ai/events/50011-grain-global-production-estimates-sharply-revised-mundus-agri.md) | +0.1% | -0.9% |
| CORN | 2019-11-22 | [Wheat production, trade rising: IGC - Grain Central](https://feedsoft.ai/events/55997-wheat-production-trade-rising-igc-grain-central.md) | +0.6% | +2.0% |
| SBM | 2023-10-13 | [Oilseed Shakeup: Global Shifts and US Challenges in 2023/24 By Kedia Advisory](https://feedsoft.ai/events/33762-oilseed-shakeup-global-shifts-and-us-challenges-in-2023-24-by-kedia-advisory.md) | +7.9% | +16.7% |
| SBM | 2022-08-20 | [Oilseeds: World Markets and Trade \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/39999-oilseeds-world-markets-and-trade-global-oil-and-fats-business-online-gofbonline.md) | +4.8% | -4.0% |
| SBM | 2021-05-13 | [Grain Journal \| USDA Oilseeds: World Markets and Trade (May 12):…](https://feedsoft.ai/events/47200-grain-journal-usda-oilseeds-world-markets-and-trade-may-12.md) | -9.3% | -13.4% |

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2022/1/20/w4rf15aavhostkk1kykaqgo3nfyr85

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.